New Change In Working Capital vs Other Non Cash Items Analysis

601336 Stock   47.01  3.12  6.22%   
New China financial indicator trend analysis is infinitely more than just investigating New China Life recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether New China Life is a good investment. Please check the relationship between New China Change In Working Capital and its Other Non Cash Items accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New China Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.

Change In Working Capital vs Other Non Cash Items

Change In Working Capital vs Other Non Cash Items Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of New China Life Change In Working Capital account and Other Non Cash Items. At this time, the significance of the direction appears to have fragmental relationship.
The correlation between New China's Change In Working Capital and Other Non Cash Items is 0.46. Overlapping area represents the amount of variation of Change In Working Capital that can explain the historical movement of Other Non Cash Items in the same time period over historical financial statements of New China Life, assuming nothing else is changed. The correlation between historical values of New China's Change In Working Capital and Other Non Cash Items is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change In Working Capital of New China Life are associated (or correlated) with its Other Non Cash Items. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Non Cash Items has no effect on the direction of Change In Working Capital i.e., New China's Change In Working Capital and Other Non Cash Items go up and down completely randomly.

Correlation Coefficient

0.46
Relationship DirectionPositive 
Relationship StrengthWeak

Change In Working Capital

The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.

Other Non Cash Items

Most indicators from New China's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into New China Life current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in New China Life. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in nation.
As of November 24, 2024, Selling General Administrative is expected to decline to about 2.3 B. The current year's Tax Provision is expected to grow to about (3 B)
 2023 2024 (projected)
Operating Income15.8B16.6B
Total Revenue72.2B68.6B

New China fundamental ratios Correlations

0.960.830.020.830.350.81.00.90.610.860.870.720.350.89-0.60.860.68-0.24-0.750.880.17-0.250.85-0.250.72
0.960.82-0.060.820.240.850.950.930.620.850.840.760.430.87-0.540.790.51-0.06-0.730.78-0.02-0.150.81-0.150.65
0.830.82-0.190.990.140.920.830.790.380.950.970.70.460.84-0.630.750.52-0.41-0.780.83-0.02-0.590.84-0.590.83
0.02-0.06-0.19-0.220.69-0.420.03-0.260.44-0.2-0.17-0.14-0.35-0.11-0.130.00.290.050.08-0.020.570.02-0.070.02-0.03
0.830.820.99-0.220.110.930.830.830.40.960.970.670.530.82-0.550.720.48-0.43-0.750.81-0.09-0.580.82-0.580.79
0.350.240.140.690.11-0.040.360.120.540.140.190.13-0.050.15-0.310.190.46-0.08-0.280.250.53-0.240.19-0.240.18
0.80.850.92-0.420.93-0.040.790.850.380.920.910.730.610.81-0.470.660.33-0.25-0.760.74-0.29-0.440.77-0.440.68
1.00.950.830.030.830.360.790.890.610.860.860.710.340.89-0.610.860.69-0.26-0.750.880.19-0.260.85-0.260.73
0.90.930.79-0.260.830.120.850.890.470.830.810.680.510.8-0.370.70.42-0.17-0.630.73-0.15-0.140.73-0.140.56
0.610.620.380.440.40.540.380.610.470.410.410.260.190.33-0.160.30.22-0.16-0.280.34-0.02-0.140.3-0.140.23
0.860.850.95-0.20.960.140.920.860.830.410.990.780.520.91-0.670.810.57-0.31-0.840.880.02-0.590.92-0.590.87
0.870.840.97-0.170.970.190.910.860.810.410.990.750.460.9-0.690.810.6-0.37-0.830.890.06-0.630.91-0.630.89
0.720.760.7-0.140.670.130.730.710.680.260.780.750.280.86-0.760.80.520.2-0.80.770.07-0.30.87-0.30.67
0.350.430.46-0.350.53-0.050.610.340.510.190.520.460.280.360.10.080.02-0.08-0.570.31-0.38-0.230.29-0.230.18
0.890.870.84-0.110.820.150.810.890.80.330.910.90.860.36-0.770.950.74-0.11-0.860.960.24-0.380.98-0.380.86
-0.6-0.54-0.63-0.13-0.55-0.31-0.47-0.61-0.37-0.16-0.67-0.69-0.760.1-0.77-0.85-0.760.050.74-0.76-0.540.51-0.860.51-0.88
0.860.790.750.00.720.190.660.860.70.30.810.810.80.080.95-0.850.82-0.15-0.750.940.41-0.340.96-0.340.87
0.680.510.520.290.480.460.330.690.420.220.570.60.520.020.74-0.760.82-0.32-0.690.840.79-0.350.76-0.350.73
-0.24-0.06-0.410.05-0.43-0.08-0.25-0.26-0.17-0.16-0.31-0.370.2-0.08-0.110.05-0.15-0.320.08-0.31-0.130.54-0.130.54-0.33
-0.75-0.73-0.780.08-0.75-0.28-0.76-0.75-0.63-0.28-0.84-0.83-0.8-0.57-0.860.74-0.75-0.690.08-0.84-0.250.47-0.870.47-0.76
0.880.780.83-0.020.810.250.740.880.730.340.880.890.770.310.96-0.760.940.84-0.31-0.840.36-0.50.95-0.50.86
0.17-0.02-0.020.57-0.090.53-0.290.19-0.15-0.020.020.060.07-0.380.24-0.540.410.79-0.13-0.250.36-0.150.3-0.150.37
-0.25-0.15-0.590.02-0.58-0.24-0.44-0.26-0.14-0.14-0.59-0.63-0.3-0.23-0.380.51-0.34-0.350.540.47-0.5-0.15-0.491.0-0.66
0.850.810.84-0.070.820.190.770.850.730.30.920.910.870.290.98-0.860.960.76-0.13-0.870.950.3-0.49-0.490.92
-0.25-0.15-0.590.02-0.58-0.24-0.44-0.26-0.14-0.14-0.59-0.63-0.3-0.23-0.380.51-0.34-0.350.540.47-0.5-0.151.0-0.49-0.66
0.720.650.83-0.030.790.180.680.730.560.230.870.890.670.180.86-0.880.870.73-0.33-0.760.860.37-0.660.92-0.66
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New China Account Relationship Matchups

New China fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets879.0B1.0T1.1T1.3T1.4T772.7B
Total Stockholder Equity84.5B101.7B108.5B102.9B105.1B63.0B
Other Liab667.7B822.4B925.8B1.1T1.2T1.3T
Cash11.8B13.0B15.5B17.6B21.8B14.0B
Other Assets52.4B51.0B55.8B66.7B76.7B80.6B
Short Term Investments387.3B426.7B403.4B375.7B432.0B453.6B
Total Liab794.5B902.7B1.0T1.2T1.3T709.7B
Intangible Assets3.7B3.8B3.8B4.0B4.1B2.2B
Property Plant Equipment15.5B16.9B19.2B18.7B21.5B22.6B
Retained Earnings53.5B63.4B74.0B79.3B92.1B96.7B
Other Current Liab6.7B11.4B8.1B7.5B8.6B7.5B
Total Current Liabilities125.9B69.7B80.0B66.5B76.5B86.1B
Net Tangible Assets80.7B97.9B104.7B98.9B113.7B85.2B
Accounts Payable45.9B9.0B9.3B8.7B7.8B7.4B
Net Receivables2.5B6.0B6.8B7.0B8.1B4.4B
Other Current Assets12.6B13.5B16.8B21.0B24.1B14.7B
Other Stockholder Equity4.0B11.2B7.4B(3.5B)(4.1B)(3.9B)
Deferred Long Term Liab593M650M425M439M395.1M424.1M
Long Term Investments662.8B736.8B780.0B839.1B1.1T750.7B
Total Current Assets55.5B63.9B110.5B130.7B150.3B85.6B
Net Invested Capital84.5B111.7B118.5B112.9B125.3B108.4B

Currently Active Assets on Macroaxis

Other Information on Investing in New Stock

Balance Sheet is a snapshot of the financial position of New China Life at a specified time, usually calculated after every quarter, six months, or one year. New China Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of New China and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which New currently owns. An asset can also be divided into two categories, current and non-current.